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Business

BTS producer becomes South Korea's best-paid employee

Agence France-Presse
bts
This undated handout photo provided by K-pop boy band BTS' agency HYBE on August 18, 2021 shows Kang Hyo-won, the chief producer of several of the group's megahits including "Blood Sweat & Tears", "DNA" and "Idol". The producer behind K-pop sensation BTS was the highest-paid employee in South Korea in the first half of this year, reports said on August 18, outranking some of the country's richest business leaders.
Handout / HYBE / AFP

SEOUL, South Korea — The producer behind K-pop sensation BTS was the highest-paid employee in South Korea in the first half of this year, reports said Wednesday, outranking some of the country's richest business leaders.

The trailblazing septet have reached global superstardom with their single "Dynamite" entering the Billboard Hot 100 at number one last year, making them the first South Korean act to top the US chart.

They are credited with generating billions for the South Korean economy, and last year their label HYBE made a high-profile stock market debut.

Kang Hyo-won, the chief producer of several of the group's megahits including "Blood Sweat & Tears", "DNA" and "Idol", made more than 40 billion won ($34.2 million) in the January to July period, a regulatory filing by his agency HYBE showed.

That made Kang, 37 and also known as Pdogg, the top paid staff member at any listed South Korean company in the first half of the year, reports said.

His wages were around 38 million won, but Kang also earned 39.9 billion won from stock options and 111 million won in incentives, according to his company.

In second place was Chung Mong-koo, the honorary chairman of South Korean auto giant Hyundai Motor Group. 

Chung, 83, earned 30.2 billion won, mostly in severance pay from Hyundai Mobis, the automaker's parts and service arm.

Two other HYBE executives -- CEO Yoon Suk-joon and chief managing director Kim Shin-gyu -- were ranked third and fourth.

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